Martin Lorentzon, co-founder of the music streaming service Spotify, has announced his intention to leave Sweden should the country implement a new wealth tax. This declaration was made to Bloomberg news agency. Lorentzon, a Swedish billionaire, expressed concern over the potential tax implications for himself and potentially other wealthy individuals. He suggests that such a tax could incentivize high-net-worth individuals to relocate from Sweden. The proposed tax has ignited a debate regarding its impact on the Swedish economy and its ability to retain its wealthiest citizens. Lorentzon’s statement highlights the concerns of those who believe the tax could be detrimental to investment and innovation within Sweden. The potential departure of a Spotify co-founder would also represent a symbolic loss for the country.